The Wage Phillips Curve under Labor Market Power.

Autor: BURYA, ANASTASIA, MANO, RUI, TIMMER, YANNICK, WEBER, ANKE
Zdroj: AEA Papers & Proceedings; May2023, Vol. 113, p110-113, 4p
Abstrakt: The article focuses on the relationship between labor market power and the wage Phillips curve, with a particular emphasis on the role of labor market power in shaping macroeconomic outcomes. It uses a dataset of online vacancy postings in the U.S. to examine the impact of labor market power on the trade-off between unemployment and wages, finding that regions with high labor market power have a weak relationship between unemployment and wage inflation.
Databáze: Complementary Index